The Ministry of Information & Broadcasting has received 28 applications for the e-auction of the first batch of Phase III FM Radio channels. This first batch of Phase III auctions comprises of 135 FM radio channels across 69 cities. These 28 applicants have submitted a total of Rs 316.91 crore as Earnest Money Deposit (EMD). Each application will be scrutinised based on the requirements stipulated in the Notice Inviting Application (NIA), which was released earlier this month, after which a list of pre-qualified bidders will be released. To learn more about the pre-qualification process, reserve price and more check here and here. Note that all pre-qualified bidders will have to procure Class-III Digital Signature Certificates for signing and encryption issued by any valid Certifying Authority (approved by Controller of Certifying Authorities) in India, which is mandatory for accessing the platform the auction will be carried…
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